Post Utme Ksu 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Ksu Commerce examination.

Post Utme Ksu 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_KSU • 2022 • COMMERCE • objective

In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product is likely to be

Answer Options

A. inelastic
B. elastic
C. unit elastic
Correct Answer D. perfectly inelastic
Correct Answer
D
Correct Option:
perfectly inelastic

About This Question

This is Post Utme Ksu 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Ksu Commerce examination.

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